08:08 AM EDT, 04/08/2025 (MT Newswires) -- US equity futures were higher pre-bell Tuesday, recovering from turmoil fueled by President Donald Trump's recent tariffs, while fears of a worsening global trade situation persist.

Dow Jones Industrial Average futures rose 2.3%, S&P 500 futures increased 1.9%, and Nasdaq futures were up 1.7%.

China's commerce ministry reportedly said Tuesday that Beijing will "fight to the end" in response to Trump's recent threat to impose an extra 50% tariff on Chinese goods.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.1% at $64.29 per barrel and US West Texas Intermediate crude up 0.2% at $60.83 per barrel.

The National Federal of Independent Business small business optimism index, released at 6 am ET, fell to 97.4 in March from 100.7 previously, compared with estimates compiled by Bloomberg for a smaller drop to 98.9.